BMI View: Subdued oil demand growth means the prospects for refiners and fuels distributors are poor,with many already facing strong competition. The purchase and reopening of Petroplus'' Antwerp plantshould reduce downstream uncertainty and plans to invest some US$1bn to boost diesel production atTotal''s Belgian refinery are a boost for the region''s battered downstream. The gas market has greaterpotential, both in terms of rising domestic demand and the scope to re-sell surplus LNG through regionalpipeline links. While there is limited upside risk to non-existent gas production from nascent efforts toassess unconventional gas potential in the Flanders region, comme...
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